ICON Engineering to build Gorgon Project CTLF

February 1, 2011

Offshore staff

PERTH, Australia -- Chevron Australia has awarded ICON Engineering a $5.5 million contract to build a compensated tension lift frame (CTLF) for use during the upcoming drilling and completion program for the Gorgon Project.

The CTLF provides heave compensation during completion operations and will be used aboard the newbuild semisub Atwood Osprey.

The award of the fabrication contract follows ICON’s completion of the design phase last year. The design phase also involved the bench testing of ICON’s unique “safe link system,” the CTLF’s control valves and hydraulic system.